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- CreditAccess Grameen Ltd Share Price
951.95
-33.70 (-3.42%)
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Underperforms Index
-33.96%
Return (1Y)
Underperformed Nifty 500 by 39.31%
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More Volatile
3.09%
Standard Deviation (1Y)
Higher than Nifty 500 by 2.1%
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Inconsistent Performer
3/12
Months
underperformed Nifty 500
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AxisDirect View
1,552
750
News & Announcements
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CreditAccess Grameen jumps on strong business update, despite Karnataka challenges
06 - Mar - 2025 12:00 | 25 days ago
The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024.
However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period.
The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on microfinance lenders. The Karnataka Micro Loan and Small Loan (Prevention of Coercive Action) ordinance 2025, effective 12 February 2025, created initial ambiguities and on-ground sensitivities that impacted collections.
CreditAccess Grameen emphasized that the situation in Karnataka is stabilizing following clarifications and communication with borrowers and stakeholders. Despite the temporary increase in delinquencies, Karnataka's PAR 0+ remains lower than some other operating regions, and the company expects a gradual return to normal conditions within 1-2 months.
CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 422 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,059 branches.
On a consolidated basis, CreditAccess Grameen reported net loss of Rs 99.52 crore in Q3 December 2024 as against net profit of Rs 353.34 crore in Q3 December 2023. Total income rose 6.7% year-on-year to Rs 1381.93 crore in Q3 December 2024.
Powered by Capital Market - Live News
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Creditaccess Grameen (up 13.10%), Bajaj Finance (up 2.6%), Cholamandalam Investment & Finance (up 4.60%), and L&T Finance(up 5.25%), Bandhan Bank (up 1.44%) advanced.
The RBI has reduced risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This decision reverses a tightening measure introduced in November 2023, which had increased capital requirements for banks lending to NBFCs.
The reduction in risk weights will ease funding costs for NBFCs as banks can now allocate capital more efficiently.
Powered by Capital Market - Live News
-
CreditAccess Grameen jumps on strong business update, despite Karnataka challenges
06 - Mar - 2025 12:00 | 25 days ago
The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024.
However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period.
The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on microfinance lenders. The Karnataka Micro Loan and Small Loan (Prevention of Coercive Action) ordinance 2025, effective 12 February 2025, created initial ambiguities and on-ground sensitivities that impacted collections.
CreditAccess Grameen emphasized that the situation in Karnataka is stabilizing following clarifications and communication with borrowers and stakeholders. Despite the temporary increase in delinquencies, Karnataka's PAR 0+ remains lower than some other operating regions, and the company expects a gradual return to normal conditions within 1-2 months.
CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 422 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,059 branches.
On a consolidated basis, CreditAccess Grameen reported net loss of Rs 99.52 crore in Q3 December 2024 as against net profit of Rs 353.34 crore in Q3 December 2023. Total income rose 6.7% year-on-year to Rs 1381.93 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Creditaccess Grameen (up 13.10%), Bajaj Finance (up 2.6%), Cholamandalam Investment & Finance (up 4.60%), and L&T Finance(up 5.25%), Bandhan Bank (up 1.44%) advanced.
The RBI has reduced risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This decision reverses a tightening measure introduced in November 2023, which had increased capital requirements for banks lending to NBFCs.
The reduction in risk weights will ease funding costs for NBFCs as banks can now allocate capital more efficiently.
Powered by Capital Market - Live News
-
-
-
CreditAccess Grameen jumps on strong business update, despite Karnataka challenges
06 - Mar - 2025 12:00 | 25 days ago
The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024.
However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period.
The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on microfinance lenders. The Karnataka Micro Loan and Small Loan (Prevention of Coercive Action) ordinance 2025, effective 12 February 2025, created initial ambiguities and on-ground sensitivities that impacted collections.
CreditAccess Grameen emphasized that the situation in Karnataka is stabilizing following clarifications and communication with borrowers and stakeholders. Despite the temporary increase in delinquencies, Karnataka's PAR 0+ remains lower than some other operating regions, and the company expects a gradual return to normal conditions within 1-2 months.
CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 422 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,059 branches.
On a consolidated basis, CreditAccess Grameen reported net loss of Rs 99.52 crore in Q3 December 2024 as against net profit of Rs 353.34 crore in Q3 December 2023. Total income rose 6.7% year-on-year to Rs 1381.93 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Creditaccess Grameen (up 13.10%), Bajaj Finance (up 2.6%), Cholamandalam Investment & Finance (up 4.60%), and L&T Finance(up 5.25%), Bandhan Bank (up 1.44%) advanced.
The RBI has reduced risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This decision reverses a tightening measure introduced in November 2023, which had increased capital requirements for banks lending to NBFCs.
The reduction in risk weights will ease funding costs for NBFCs as banks can now allocate capital more efficiently.
Powered by Capital Market - Live News
-
-
-
CreditAccess Grameen jumps on strong business update, despite Karnataka challenges
06 - Mar - 2025 12:00 | 25 days ago
The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024.
However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period.
The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on microfinance lenders. The Karnataka Micro Loan and Small Loan (Prevention of Coercive Action) ordinance 2025, effective 12 February 2025, created initial ambiguities and on-ground sensitivities that impacted collections.
CreditAccess Grameen emphasized that the situation in Karnataka is stabilizing following clarifications and communication with borrowers and stakeholders. Despite the temporary increase in delinquencies, Karnataka's PAR 0+ remains lower than some other operating regions, and the company expects a gradual return to normal conditions within 1-2 months.
CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 422 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,059 branches.
On a consolidated basis, CreditAccess Grameen reported net loss of Rs 99.52 crore in Q3 December 2024 as against net profit of Rs 353.34 crore in Q3 December 2023. Total income rose 6.7% year-on-year to Rs 1381.93 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Creditaccess Grameen (up 13.10%), Bajaj Finance (up 2.6%), Cholamandalam Investment & Finance (up 4.60%), and L&T Finance(up 5.25%), Bandhan Bank (up 1.44%) advanced.
The RBI has reduced risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This decision reverses a tightening measure introduced in November 2023, which had increased capital requirements for banks lending to NBFCs.
The reduction in risk weights will ease funding costs for NBFCs as banks can now allocate capital more efficiently.
Powered by Capital Market - Live News
-
CreditAccess Grameen jumps on strong business update, despite Karnataka challenges
06 - Mar - 2025 12:00 | 25 days ago
The microfinance institution reported robust loan portfolio growth across most of its operational geographies, adding over 150,000 new borrowers in January and February. This brings its Gross Loan Portfolio (GLP) to Rs 25,395 crore in February 2025, up from Rs 24,810 crore in December 2024.
However, the report also highlighted challenges in the Karnataka region, where asset quality has deteriorated. PAR 0+% (loans overdue by any amount) rose to 7.9% in February from 4.3% in December, and PAR 90+% (loans overdue by 90 days or more) increased to 2.1% from 1.2% over the same period.
The company attributed the increase in delinquencies in Karnataka to the recent Karnataka Ordinance, which introduced new regulations on microfinance lenders. The Karnataka Micro Loan and Small Loan (Prevention of Coercive Action) ordinance 2025, effective 12 February 2025, created initial ambiguities and on-ground sensitivities that impacted collections.
CreditAccess Grameen emphasized that the situation in Karnataka is stabilizing following clarifications and communication with borrowers and stakeholders. Despite the temporary increase in delinquencies, Karnataka's PAR 0+ remains lower than some other operating regions, and the company expects a gradual return to normal conditions within 1-2 months.
CreditAccess Grameen is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is now operating across 422 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,059 branches.
On a consolidated basis, CreditAccess Grameen reported net loss of Rs 99.52 crore in Q3 December 2024 as against net profit of Rs 353.34 crore in Q3 December 2023. Total income rose 6.7% year-on-year to Rs 1381.93 crore in Q3 December 2024.
Powered by Capital Market - Live News
-
Creditaccess Grameen (up 13.10%), Bajaj Finance (up 2.6%), Cholamandalam Investment & Finance (up 4.60%), and L&T Finance(up 5.25%), Bandhan Bank (up 1.44%) advanced.
The RBI has reduced risk weights on bank loans to NBFCs from 125% to 100%, effective April 1. This decision reverses a tightening measure introduced in November 2023, which had increased capital requirements for banks lending to NBFCs.
The reduction in risk weights will ease funding costs for NBFCs as banks can now allocate capital more efficiently.
Powered by Capital Market - Live News
-
Stock Trivia
FII shareholding in CreditAccess Grameen Ltd has decreased by -9.36% since past 3 Months
MF shareholding in CreditAccess Grameen Ltd has decreased by -13.96% since past 1 Year
FII shareholding in CreditAccess Grameen Ltd has decreased by -9.36% since past 3 Months
MF shareholding in CreditAccess Grameen Ltd has decreased by -6.93% since past 3 Months
FII shareholding in CreditAccess Grameen Ltd has decreased by -18.67% since past 1 Year
MF shareholding in CreditAccess Grameen Ltd has decreased by -13.96% since past 1 Year
FII shareholding in CreditAccess Grameen Ltd has decreased by -9.36% since past 3 Months
MF shareholding in CreditAccess Grameen Ltd has decreased by -13.96% since past 1 Year
